BlackRock’s IBIT ETF sold $414 million worth of Bitcoin (BTC) over two days, according to data from Farside Investors. The world’s largest asset manager sold $202.5 million worth of BTC on July 23, 2026, and $212.2 million worth of BTC the next day. Let’s discuss why.
Why did BlackRock sell $414 million worth of Bitcoin?
The BlackRock IBIT ETF has seen significant outflows this year. The asset management company confirmed that prior to the most recent sale, a series of purchases had been ongoing since July 14th. Given the size of BlackRock’s sale, some expected the market to fall. However, the market appears to have absorbed the selling pressure. Bitcoin (BTC) has regained the $65,000 price level, and other assets have followed suit.
BlackRock’s decision to release some of its Bitcoin (BTC) holdings may be due to the recent spike in oil prices. The conflict between the US and Iran has once again closed the Strait of Hormuz, taking another hit on global energy supplies. Inflation fell in June, but some analysts believe that rising oil prices could cause inflation to rise in July. Rising inflation could increase the likelihood of interest rate hikes. Higher interest rates often allow for lower-risk investments. In situations like this, Bitcoin (BTC) and other cryptocurrencies often suffer.
BlackRock’s decision to sell some of its Bitcoin (BTC) could also be due to a drop in demand from its customers. The cryptocurrency market is struggling to regain momentum in 2026, and investors are unlikely to have confidence in crypto assets for the time being. If market conditions improve, we may see a change in trends later this year.
BlackRock’s entry into the cryptocurrency market was greeted with much applause. Co-founder and CEO Larry Fink recently reiterated his bullish stance on Bitcoin (BTC). Fink also said there could be some bullish trends over the next 12 months.
(Tag translation) Bitcoin
